this post was submitted on 21 Aug 2023
2282 points (97.7% liked)

Technology

59651 readers
2692 users here now

This is a most excellent place for technology news and articles.

Our Rules

  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago
MODERATORS
[email protected]
[email protected]
[email protected]
[email protected]
[email protected]
2282
Tech's broken promises: Streaming is now just as expensive and confusing as cable. Ubers cost as much as taxis. And the cloud is no longer cheap (www.businessinsider.com)
submitted 1 year ago by [email protected] to c/[email protected]
411 comments fedilink hide all child comments
 

Tech's broken promises: Streaming is now just as expensive and confusing as cable. Ubers cost as much as taxis. And the cloud is no longer cheap::Some tech is getting pricier and looking a lot like the older services it was supposed to beat. From video streaming to ride-hailing and cloud computing.

you are viewing a single comment's thread
view the rest of the comments
[โ€“] [email protected] -4 points 1 year ago (1 children)

Undercutting competitors is how you foster a pro-consumer market. That's one of the core tenets of capitalism. On its own, that's a good thing. The problem is when companies think customers are so attached to them that they don't worry about being undercut themselves.

[โ€“] [email protected] 14 points 1 year ago

No, the single tenet of capitalism is "make profit". Capitalism doesn't care how you do it- lying, stealing, manipulating, indoctrinating, forcing, polluting, killing, it's all good.

For any corporation in the long run, a small edge translates into exponentially more capital, and since capital runs society, you can simply buy up the competition, or force them out of business.

Monopolies are not an issue for capitalism, they are an issue with capitalism.